The prices of Brent crude oil had a marginal increase on Thursday as it closed at $63.2 per barrel.
This implies a 0.06% gain when compared to $63.16 recorded at the close of trade on Wednesday.
According to reports, crude oil prices are beginning to record high growth with demands expected to rise as a result of revived hope in the market as the United Kingdom has given the first vaccine to about half of its population, while the US has vaccinated about 30% of its population.
Crude oil prices have recorded a marginal increase during the week despite the resolve of the OPEC+ to reduce production cuts in the coming months.
Brent Crude closed at $63.2 (+0.06%), WTI Crude closed at $59.75 indicating 0.25% gain, Bonny Light, $60.6 (-2.63%), OPEC Basket (-1.06%) to close at $60.68 while Natural gas dropped by 0.12% to close at $2.519.